Chapter 16

Trading Cryptocurrencies

IN THIS CHAPTER

Bullet Defining cryptocurrencies, their pros, and their cons

Bullet Making the most of methods for participating in cryptos

Bullet Listing the biggest cryptocurrencies and taking steps to get them

Bullet Considering cryptocurrency exchange-traded funds

Bullet Getting the scoop on important rules and resources

How could you do a book on currency trading without covering the new kid on the block: cryptocurrencies? How can you talk about trading opportunities in vehicles such as the U.S. dollar or the euro and ignore the monster moves that have occurred in recent years with Bitcoin, Ethereum, and other cryptocurrencies? Wonder no more: This chapter introduces you to the world of cryptocurrencies.

Cryptocurrencies are a great complement to your currency trading universe because they have advantages that traditional currencies don’t have. Cryptocurrencies, especially the long-standing vehicles of Bitcoin and Ethereum, have been pure supply-and-demand plays versus the ...

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